Industry News

  • The U.S. is weighing its stance on tariffs against China

    The U.S. is weighing its stance on tariffs against China

    In a recent interview with foreign media, US Commerce Secretary Raymond Mondo said that US President Joe Biden is taking a very cautious approach to the tariffs imposed by the US on China during the Trump administration and is weighing various options. Raimondo says it gets a little complicated. ...
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  • White House signs Inflation Reduction Act of 2022

    White House signs Inflation Reduction Act of 2022

    US President Joe Biden signed the $750bn Inflation Reduction Act of 2022 into law on Aug 16. The legislation includes measures to combat climate change and expand health care coverage. In the coming weeks, Biden will travel across the country to make the case for how the legislation will help Ame...
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  • The Euro fell below parity against the Dollar

    The Euro fell below parity against the Dollar

    The DOLLAR index, which surged above 107 last week, continued its surge this week, hitting its highest level since October 2002 overnight near 108.19. As of 17:30, July 12, Beijing time, the DOLLAR index was 108.3. Us June CPI will be released on Wednesday, local time. Currently, the expected dat...
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  • Shooting at Abe speech

    Shooting at Abe speech

    Former Japanese Prime Minister Shinzo Abe has been rushed to hospital after falling to the ground after being shot during a speech in Nara, Japan, On July 8, local time. The suspect has been arrested by police. The Nikkei 225 index fell quickly after the shooting, giving up most of the day’...
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  • The adjustment and influence of European and American monetary policy

    The adjustment and influence of European and American monetary policy

    1. The Fed raised interest rates by around 300 basis points this year. The Fed is expected to raise interest rates by around 300 basis points this year to give the US enough monetary policy room before a recession hits. If inflation pressure continues within the year, it is expected that the Fede...
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  • China’s foreign trade order outflow scale controllable influence is limited

    China’s foreign trade order outflow scale controllable influence is limited

    Since the beginning of this year, with the gradual recovery of production in neighboring countries, part of the foreign trade orders that returned to China last year have flowed out again. Overall, the outflow of these orders is controllable and the impact is limited.” The State Council Inf...
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  • The reducing sea freight

    The reducing sea freight

    International shipping prices have skyrocketed since the second half of 2020. On routes from China to the western US, for example, the cost of shipping a standard 40-foot container peaked at $20,000 – $30,000, up from around $2,000 before the outbreak. Moreover, the impact of the epidemic h...
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  • Shanghai eventually lifted the lockdown

    Shanghai eventually lifted the lockdown

    Shanghai has been closed for two months finally announced! The normal production and life order of the whole city will be fully restored from June! Shanghai’s economy, which has been under great pressure from the epidemic, also received a major measure of support in the last week of May. Sh...
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  • The situation in Shanghai is grim, and lifting the lockdown is not in sight

    The situation in Shanghai is grim, and lifting the lockdown is not in sight

    What are the characteristics of the epidemic in Shanghai and the difficulties in epidemic prevention? Experts: The characteristics of the epidemic in Shanghai are as follows: First, the main strain of the current outbreak, Omicron BA.2, is spreading very quickly, faster than Delta and past varian...
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  • The Impact of Russia-Ukraine Conflict on the Slipper Industry

    The Impact of Russia-Ukraine Conflict on the Slipper Industry

    Russia is a major supplier of oil and gas in the world, with nearly 40 percent of European gas and 25 percent of oil from Russia, with the largest number of imports. Even if Russia does not cut off or limit Europe’s oil and gas supplies as a retaliation for western sanctions, Europeans have...
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  • The RMB continued to upvalue, and USD/RMB fell below 6.330

    The RMB continued to upvalue, and USD/RMB fell below 6.330

    Since the second half of last year, the domestic foreign exchange market has gone out of a wave of strong DOLLAR and stronger RMB independent market under the impact of the Fed’s interest rate hike expectations. Even in the context of multiple RRR and interest rate cuts in China and the con...
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  • The world is gradually reducing its reliance on the DOLLAR

    The world is gradually reducing its reliance on the DOLLAR

        Argentina, South America’s second-largest economy, which has been Mired in a sovereign debt crisis in recent years and even defaulted on its debt last year, has turned to China firmly . According to related news, Argentina is asking China to expand bilateral currency swap in YUAN, addin...
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